Applying for 2013-14 Financial Aid: A Refresher Course
Applying for financial aid is one of those checklist items you need to complete once a year. And with the 2013-14 financial aid season about to begin, it's time for a refresher course on applying for aid.
How to Apply:
When to Apply:
- Current Students: Complete the FAFSA and CSS PROFILE by March 15th.
- New Students: Complete the FAFSA and CSS PROFILE by February 15th and send IDOC requirements to College Board by March 1st.
What You'll Need:
All of your 2012 tax information, including your completed tax returns. You may use estimates when completing your applications. However, if you complete the FAFSA before filing your tax return, you should revisit www.FAFSA.gov to correct it once your tax return has been accepted by the IRS.
Learn more about applying for financial aid >>
Winter Quarter Disbursement of Aid and Refunds
Your DU tuition bill is due on December 28th. On that date, your financial aid for winter quarter will disburse to your student account and will pay toward your charges, provided all financial aid requirements are satisfied (which you can verify through webCentral), and you are registered for classes.
If your financial aid is more than the total of your charges, a refund will be generated by the Bursar's Office on Wednesday, January 2nd. If you haven't done so already, we recommend setting up direct deposit to expedite the receipt of your refund. If you have direct deposit, you can expect to see your refund in your bank account on January 3rd.
Learn more about billing and disbursement >>
New Scholarship Search Page!
With the winter break comes the perfect time to research and apply for private scholarships--and we have made that task much easier for you with our new scholarship search page!
Through this page you can search for merit-based and need-based scholarships from both DU and outside organizations. We also have links to other scholarship search sites. Begin your search today to find additional funding that can supplement your financial aid award package!
Q: Are there any tax incentives for students enrolled in higher education?
A: Yes! Tax credits (such as the American Opportunity Credit) and tax deductions (such as the tuition and fees deduction and the student loan interest deduction) can help you with your expenses for higher education.
Learn more about all of the tax benefits for education from the IRS before you file your 2012 taxes!
Financial Aid in the News
Obama's 'Pay as You Earn' Plan for Student Borrowers Becomes Official
November, 1, 2012
"In a package of final regulations being released on Thursday, the Department of Education will formally establish the Obama administration's new 'Pay as You Earn' income-based repayment program, which will help many student-loan borrowers.
Included separately in the package are provisions that will make it easier for disabled borrowers to have their loans forgiven.
Under the existing income-based repayment plan, eligible student-loan borrowers can have their monthly payments capped at 15 percent of their income, and they can generally receive loan forgiveness after 25 years of payments.
In 2010, Congress changed the income-based repayment program so that borrowers would pay less each month (10 percent of discretionary income) and obtain loan forgiveness sooner (after 20 years of payments)."
Read the full article from The Chronicle of Higher Education >>